2022
Exports
$124MWorld Rnk 17 / 130
Flag Rnk 275 / 1176
2022
PRODUCT COMPLEXITY IN Potassic Fertilizers
-0.82Rnk 785 / 1025
2022
Imports
$328MWorld Rnk 14 / 189
Flag Rnk 197 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $124M in Potassic Fertilizers, making it the 17th largest exporter of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 275th most exported product in Vietnam. The main destination of Potassic Fertilizers exports from Vietnam are: Malaysia ($36.4M), Cambodia ($18.8M), South Korea ($14.4M), Philippines ($12M), and Laos ($7.77M).

The fastest growing export markets for Potassic Fertilizers of Vietnam between 2021 and 2022 were Malaysia ($35M), South Korea ($14.3M), and Philippines ($11.1M).

Imports In 2022, Vietnam imported $328M in Potassic Fertilizers, becoming the 14th largest importer of Potassic Fertilizers in the world. At the same year, Potassic Fertilizers was the 197th most imported product in Vietnam. Vietnam imports Potassic Fertilizers primarily from: Laos ($82.2M), Canada ($80.3M), Israel ($75.4M), Belarus ($28.1M), and Russia ($20.9M).

The fastest growing import markets in Potassic Fertilizers for Vietnam between 2021 and 2022 were Laos ($52.3M), Canada ($30.1M), and Germany ($3.93M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Potassic Fertilizers. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$124M
IMPORTS (2022)$328M
NET TRADE (2022)-$203M

In 2022, Vietnam exported $124M in Potassic Fertilizers. The main destinations of Vietnam exports on Potassic Fertilizers were Malaysia ($36.4M), Cambodia ($18.8M), South Korea ($14.4M), Philippines ($12M), and Laos ($7.77M).

In 2022, Vietnam imported $328M in Potassic Fertilizers, mainly from Laos ($82.2M), Canada ($80.3M), Israel ($75.4M), Belarus ($28.1M), and Russia ($20.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Potassic Fertilizers EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Malaysia$35M (2.43k%)
South Korea$14.3M (16.5k%)
Philippines$11.1M (1.19k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Potassic Fertilizers BY Vietnam WERE (2021 - 2022):
Indonesia-$11.2M (-64.1%)
New Zealand-$308k (-63.1%)
United Arab Emirates-$188k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Potassic Fertilizers were:
Canada $13.4B
Russia $4.93B
Germany $2.73B
In 2022, Vietnam's main importing competitors in Potassic Fertilizers were:

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Trade Value of Potassic Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $8.69M
TOP IMPORT POTENTIALRussia+ $13M

Potassic Fertilizers’s highest export potential is Indonesia. With an export gap of $8.69M.   Potassic Fertilizers’s highest import potential is Russia with an import gap of $13M.

See methodology.

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